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Recreational Vehicle Market: Regional Trend & Growth Forecast To 2028

The global recreational vehicle market has been experiencing unprecedented growth for quite a while. The primary factors positively influencing the business landscape are the ever-growing interest in travel and road trips, increasing desire to experience an active outdoor lifestyle, and rising inclination towards other recreational activities like camping, sports, etc. Increasing emphasis on travel and tourism and raising awareness about the mental well-being and health benefits associated with being outdoors coupled with the fueling wanderlust among the younger population will boost the adopt

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Recreational Vehicle Market: Regional Trend & Growth Forecast To 2028

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  1. Recreational Vehicle Market 2022-2028; Growth Forecast & Industry Share Report

  2. Industry Insights • As per a recent research report, the global recreational vehicle market size could surpass a valuation of USD 135 billion by 2028. • The global recreational vehicle market has been experiencing unprecedented growth for quite a while. The primary factors positively influencing the business landscape are the ever-growing interest in travel and road trips, increasing desire to experience an active outdoor lifestyle, and rising inclination towards other recreational activities like camping, sports, etc. Increasing emphasis on travel and tourism and raising awareness about the mental well-being and health benefits associated with being outdoors coupled with the fueling wanderlust among the younger population will boost the adoption of recreational vehicles in the times to come. • As per the World Travel and Tourism Council report 2021, the tourism sector is expected to witness promising growth opportunities in both domestic and international markets in 2022 and beyond. The report projected the travel & tourism GDP to ascend by nearly 30% in 2021 and 31% in 2022.

  3. These favorable statistics are mainly driven by the increasing urge to travel outdoors and consistently rising disposable incomes globally, creating a pool of opportunities for the global RV market in the coming years. • The growing environmental concerns and increasing reliance on clean energy have pushed RV industry players to innovate products with higher fuel efficiency, minimal emissions, and improved cost-efficiency. • Driven by these factors, in January 2022, Florida RV SuperShow came up with the Winnebago e-RV concept involving the utilization of clean energy. • According to the March 2021 data by the RV Industry Association’s survey of manufacturers, the total RV shipments during the first quarter of 2021 reached quite a record-breaking number. • The emerging love for road trips, travel in comfort, and exploring the outdoors are the primary reasons supporting these increasing sales. Besides, the growing popularity of camping for outdoor recreation activities and its positive impacts on physical and mental well-being will foster the RV industry outlook in the coming years.

  4. Regional Analysis • The North America recreational vehicle market may project significant growth trends in the forthcoming years owing to the increasing inclination towards travel and outdoor recreational activities, leading to proliferating product demand. • Competitive Analysis • Forest RiverInc. • Thor Industries • GMC Motorhome • Winnebago Industries • Erwin Hymer • Dethleffs GmbH & Co. KG • Auto-Trail VR Ltd.

  5. Recreational Vehicle Market @ https://www.gminsights.com/industry-analysis/recreational-vehicles-market Request for sample of this research report @ https://www.gminsights.com/request-sample/detail/2967 Request for customization: https://www.gminsights.com/roc/2967

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  7. THANK YOU www.gminsights.com

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